Worksport Ltd 10-Q

Item 5. Other Information Securities Trading Plans During the six months ended June 30, 2025, none of our Section 16 officers or directors (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act or any “non-Rule 10b5-1 trading arrangement” (as defined in Section 408(c) of Regulation S-K). Subsequent Events On July 12, 2025, the Company granted employees an aggregate of 91,940 stock options priced at the closing stock price on July 11, 2025, vesting 50% at the end of the following two annual anniversaries from grant date, and expiring 10 years from grant date. Under these same terms, the Company granted directors an aggregate of 10,000 stock options. On July 12, 2025, the Company granted Steven Rossi 215,000 stock options priced at the closing stock price on July 11, 2025, vesting 50% at the end of the following two annual anniversaries from grant date, and expiring 10 years from grant date. On July 12, 2025, the Company granted a director 50,000 stock options priced at the closing stock price on July 11, 2025, vesting pursuant to a performance milestone, and expiring 10 years from grant date. On July 12, 2025, the Company granted a consultant 76,500 stock options priced at the closing stock price on July 11, 2025, vesting pursuant to performance milestones, and expiring 10 years from grant date. On July 14, 2025 the Company signed a lease agreement for 1,992 square feet of office space to be used as an R&D facility for its Terravis Energy subsidiary pursuant to a two year lease effective July 18,2025 for an average monthly rent of $3,154. On August 1, 2025, the Company submitted a $3 million purchase order and placed a deposit with an established manufacturing equipment supplier for additional machinery, with delivery currently expected in the second quarter of 2026. This additional equipment is expected to meaningfully increase production capacity at the Company’s West Seneca, NY manufacturing facility, enabling the Company to meet anticipated customer demand more efficiently, improve operational throughput, and support future revenue growth. 31 Item 6. Exhibits EXHIBIT No. DESCRIPTION 3.1 Certificate of Designations, Rights, and Preferences of 8% Series C Cumulative Preferred Stock, filed on June 13, 2025 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on June 18, 2025 10.1 Regulation A Securities Offering, filed April 18, 2025 10.2 Notice of Stockholder Action by Written Consent, filed on April 28, 2025 10.3 Amendment to Form 1-A, filed May 20, 2025 31.1* Section 302 Certification of Chief Executive Officer and President. 31.2* Section 302 Certification of Chief Financial Officer. 32.1** Section 906 Certifications of Chief Executive Officer and President. 32.2** Section 906 Certifications of Chief Financial Officer. 101.INS* Inline XBRL Instance Document. 101.SCH* Inline XBRL Taxonomy Extension Schema Document. 101.CAL* Inline XBRL Taxonomy Extension Calculation Linkbase Document. 101.LAB* Inline XBRL Taxonomy Extension Label Linkbase Document. 101.PRE* Inline XBRL Taxonomy Extension Presentation Linkbase Document. 101.DEF* Inline XBRL Taxonomy Extension Definition Linkbase Document. 104* Cover Page Interactive Data File (embedded within the Inline XBRL document filed as Exhibit 101). * Filed herewith. ** Exhibits 32.1 and 32.2 are being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, nor shall such exhibits be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise specifically stated in such filing. 32 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. WORKSPORT LTD. Dated: August 13, 2025 By: /s/ Steven Rossi Steven Rossi Chief Executive Officer and President (Principal Executive Officer) Dated: August 13, 2025 By: /s/ Michael Johnston Michael Johnston Chief Financial Officer (Principal Financial and Accounting Officer) 33